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IJSTR >> Volume 8 - Issue 11, November 2019 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Competitive Advantage And Implication On Financial Performance: An Empirical Study Of The Indonesia Stock Exchange

[Full Text]

 

AUTHOR(S)

Mulyono, Adler Haymans Manurung, Firdaus Alamsjah, Mohammad Hamsal

 

KEYWORDS

Competitive advantage, Corporate governance, E – Business, Financial company, Financial performance, Indonesia Stock Exchange, Organizational innovation.

 

ABSTRACT

This study discusses the role and dimensions of the implementation of corporate governance, organizational innovation and e-business on competitive advantage and corporate financial performance. The research sample comprises 67 companies listed in the financial sector of the Indonesia Stock Exchange (IDX). The questionnaire is rated using a Likert scale. The data were analysed using structural equation modelling (SEM) and partial least square (PLS). This study finds that corporate governance has a positive effect on financial performance and organizational innovation has a negative effect on financial performance. Corporate governance has a negative effect on financial performance through competitive advantage, while e-business has a positive effect on financial performance through competitive advantage, while organizational innovation has a positive effect on financial performance through competitive advantage

 

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______________________________

• Mulyono, Management Department, Binus Business School Doctoral Program, Bina Nusantara University, Indonesia E-mail: mulyono@binus.ac.id
• Adler Haymans Manurung, Management Department, Binus Business School Doctoral Program, Bina Nusantara University, Indonesia E-mail: adler.manurung@binus.ac.id
• Firdaus Alamsjah, Management Department, Binus Business School Doctoral Program, Bina Nusantara University, Indonesia E-mail: alamsjah@binus.edu
• Mohammad Hamsal, Management Department, Binus Business School Doctoral Program, Bina Nusantara University, Indonesia E-mail: mhamsal@binus.edu